Pi Network (PI) Price Predictions: Here’s Why It’s Hard to Stay Bullish

“At some point you have to ask yourself if this is innovation… or just wasted time and opportunity cost,” said one X user.

The stock has been on a massive downward trend in recent months, prompting some analysts to be quite bearish about the future. In the meantime, certain indicators suggest that a further downturn is in the offing.

‘Difficult to stay bullish’

PI is currently trading at around $0.20 (according to CoinGecko data), representing a small 2% gain on a weekly scale and a whopping 93% collapse since its all-time high of $3 in February last year.

Pinetwork members of X users, who have been quite critical of the project lately, claimed it is currently “difficult to remain optimistic” about PI. They noted that the value had barely risen when BTC rebounded in early 2026, outlining several hurdles for the price.

The main ones include lack of support from a major exchange, ‘no truly open mainnet’, unclear offering, centralized control, locked balances and others.

“At some point you have to ask yourself whether this is innovation… or just wasted time and opportunity cost,” she added.

The increased currency supply reinforces the bearish outlook. In the last 24 hours alone, nearly 1.8 million tokens were transferred to centralized platforms, which is often considered a pre-sale step.

Currently, over 425 million PI are stored on exchanges, of which approximately 52% is owned by Gate.io. Bitget comes in second with around 148 million coins.

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Something for the bulls

Some analysts refuse to wave the white flag, arguing that a revival could be knocking on the door. X-user Vuori Trading claimed that PI has broken an eight-month downtrend and predicts that the price could soon rise to $0.57.

Before that, Aman accepted that the asset had ‘solidly consolidated below key resistance after trending higher’. The market observer predicted new peaks if the valuation rises above $0.215.

The upcoming token unlocks also deserve attention. There are over 130 million PI scheduled for release over the next 30 days, as today (January 8) is the record day, with 5.3 million coins released. The average daily unlock is around 4.36 million, which is less aggressive than in previous months and could provide some near-term price stability.